SEC Form 4 · accession 0001140361-16-054394
LIQUIDMETAL TECHNOLOGIES INC · LQMT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Gillis
Director
Period of report
Jan 27, 2015
Accepted (ET)
Feb 22, 2016 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001141240
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 0 | I | By Spouse | |
| Common Stock | holding | — | — | — | 0 | I | By Child in Household | |
| Common Stock | holding | — | — | — | 7,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $0.14 | Jan 27, 2015 | A | 400,000 | A | — | Jan 27, 2025 | Common Stock | 400,000 | 400,000 | D |
| Stock OptionF3 | $0.07 | Feb 17, 2016 | A | 400,000 | A | — | Feb 17, 2026 | Common Stock | 400,000 | 400,000 | D |
| Options to Purchase Common StockF1 | $0.29 | holding | — | — | — | — | Feb 5, 2024 | Common Stock | 453,414 | 453,414 | D |
Explanation of responses
- F1The shares reported in column 7 will vest over a 5-year period on the following schedule: the shares vest 20% on the first anniversary of the date of grant; with the remaining 80% vesting at 1.666% per consecutive calendar month thereafter through and including the fifth anniversary of the date of grant.
- F2The shares covered by the Option shall vest 20% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the Option shall vest monthly over 4 years with the Option being 100% vested on the fifth anniversary of the date of grant. Form 4 for option grant was inadvertently not timely filed, but grant was reported on Form 8-K filed by issuer on February 9, 2015.
- F3The shares covered by the Option shall vest 20% on the first year anniversary date from the date of grant. Thereafter, the shares covered by the Option shall vest monthly over 4 years with the Option being 100% vested on the fifth anniversary of the date of grant.